iMAL takes further market share and tops 2019 IBSI Islamic Sales League Table

Path Solutions was ranked ‘Number One Islamic Banking Software Provider’, as well as ‘4^th Global Universal Banking System Provider in 2019’ according to the latest IBSI Sales League Table.

This is the tenth year that Path Solutions has topped the prestigious IBSI Islamic Banking Sales League Table with iMAL first amongst leading Islamic banking systems. This triumph is yet another milestone in the company’s drive to be recognised as the undisputed leader and pre-eminent player in the Islamic financial services industry.

The two accolades granted to Path Solutions cement the company’s leadership in the financial software business and confirm the strength of its pioneering solution portfolio.

IBS spokesperson declared: “It gives me immense pleasure to announce to you that Path Solutions has achieved leadership position in the IBSI Islamic Banking Sales League Table 2019, rank #1; also happy to inform you that the company ranked 4^th in the Global Sales League Table 2019 – Universal Banking Systems, and has been featured in the IBSI Sales League Table 2019 under Digital Banking & Channels. Congratulations on your well-deserved performance.”

As reported by IBS Intelligence: “The IBSI Islamic Banking Sales League Table 2019 was once again won by Islamic banking specialist Path Solutions, having sealed the majority of its deals in Iraq, which in the last few years has become a very active market for banking technology suppliers.”

Mohammed Kateeb, the group chairman and CEO of Path Solutions, said: “We’re thrilled to be named ‘Best Islamic Banking Software Provider’ for the tenth year, and among top four universal banking system vendors by IBS Intelligence. This is a reflection of our focus on providing strategic differentiation and operational superiority to our clients.

“Banking in the 21^st century brings a whole new set of challenges and opportunities. The power of information technology is driving the entire industry as never before, leading to faster, better, cost-effective and new banking services. Path Solutions empowers banks to reinvent their business and navigate the current and future challenges faced by the industry.”

The annual IBSI Sales League Table is published by IBS Intelligence Limited, and is the most definitive leaderboard and benchmark of global banking technology suppliers’ sales performance across both conventional and Islamic sectors.